The Latest Breaking News from First Bancorp

The Federal Reserve’s hawkish stance–replete with interest rate increases–should benefit many stocks in the financial sector by helping them generate more interest income. Therefore, we believe that adding fundamentally sound financial stocks Unum Group (UNM) and First BanCorp (FBP) to one’s portfolio could be wise. These stocks have outperformed the…

First BanCorp (NYSE:FBP) has outperformed the market over the past 5 years by 6.76% on an annualized basis producing an average annual return of 18.11%. Currently, First BanCorp has a market capitalization of $2.73 billion.

 

First BANCORP. New's (NYSE:FBP) short percent of float has fallen 23.31% since its last report. The company recently reported that it has 3.93 million shares sold short, which is 2.04% of all regular shares that are available for trading.